Ducommun (NYSE:DCO) Upgraded at StockNews.com

Ducommun (NYSE:DCO) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

A number of other analysts have also recently weighed in on DCO. Royal Bank of Canada assumed coverage on shares of Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Truist Financial upped their price objective on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th.

Ducommun Stock Performance

Ducommun stock traded down $0.04 on Thursday, hitting $59.75. The company’s stock had a trading volume of 52,886 shares, compared to its average volume of 79,053. Ducommun has a one year low of $48.21 and a one year high of $70.50. The firm has a market cap of $888.09 million, a P/E ratio of 30.03 and a beta of 1.56. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $62.94 and a 200-day moving average price of $63.89.

Institutional Investors Weigh In On Ducommun

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Ducommun during the fourth quarter worth approximately $32,000. Venturi Wealth Management LLC raised its stake in shares of Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 650 shares during the last quarter. Point72 DIFC Ltd raised its stake in shares of Ducommun by 591.2% in the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock valued at $52,000 after acquiring an additional 674 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Ducommun in the 4th quarter worth approximately $78,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.